Can I retire at age 72 with 14,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,112,410
2 years$588,682$577,719$567,093$556,791$546,798$510,983
3 years$388,557$377,546$366,947$356,741$346,911$312,270
4 years$288,513$277,536$267,043$257,012$247,420$214,219
5 years$228,503$217,592$207,237$197,410$188,085$156,413
6 years$188,509$177,680$167,478$157,870$148,825$118,710
7 years$159,953$149,215$139,175$129,794$121,035$92,474
8 years$138,546$127,905$118,031$108,881$100,410$73,384
9 years$121,905$111,364$101,660$92,742$84,560$59,040
10 years$108,600$98,162$88,630$79,945$72,049$47,997
11 years$97,721$87,388$78,028$69,576$61,965$39,337
12 years$88,662$78,435$69,248$61,027$53,697$32,447
13 years$81,002$70,882$61,869$53,878$46,825$26,901
14 years$74,442$64,430$55,589$47,827$41,047$22,395
15 years$68,762$58,858$50,190$42,653$36,141$18,707
16 years$63,797$54,001$45,504$38,191$31,941$15,670
17 years$59,421$49,733$41,407$34,315$28,321$13,156
18 years$55,535$45,955$37,799$30,924$25,182$11,066
19 years$52,063$42,591$34,603$27,943$22,445$9,323
20 years$48,941$39,578$31,757$25,308$20,048$7,865
21 years$46,120$36,865$29,211$22,968$17,941$6,643
22 years$43,560$34,412$26,922$20,883$16,082$5,615
23 years$41,225$32,185$24,858$19,019$14,436$4,750
24 years$39,088$30,155$22,989$17,346$12,975$4,021
25 years$37,125$28,299$21,293$15,842$11,676$3,406
26 years$35,316$26,597$19,748$14,485$10,517$2,886
27 years$33,644$25,031$18,338$13,258$9,482$2,447
28 years$32,094$23,586$17,047$12,147$8,556$2,075
29 years$30,654$22,251$15,864$11,139$7,726$1,760
30 years$29,312$21,014$14,777$10,223$6,981$1,494
31 years$28,059$19,865$13,776$9,389$6,311$1,268
32 years$26,887$18,796$12,853$8,629$5,709$1,076
33 years$25,788$17,800$12,001$7,935$5,167$913
34 years$24,756$16,871$11,213$7,301$4,678$775
35 years$23,785$16,002$10,483$6,721$4,237$658
36 years$22,871$15,188$9,807$6,190$3,839$559
37 years$22,007$14,425$9,179$5,703$3,479$475
38 years$21,191$13,709$8,596$5,257$3,154$403
39 years$20,419$13,036$8,053$4,847$2,860$343
40 years$19,687$12,402$7,548$4,471$2,594$291
41 years$18,993$11,806$7,078$4,125$2,354$247
42 years$18,333$11,244$6,639$3,807$2,136$210
43 years$17,706$10,713$6,230$3,514$1,938$178
44 years$17,109$10,212$5,848$3,245$1,759$151
45 years$16,540$9,738$5,491$2,996$1,597$129
46 years$15,998$9,289$5,157$2,768$1,450$109
47 years$15,480$8,865$4,845$2,557$1,317$93
48 years$14,985$8,463$4,553$2,363$1,196$79
49 years$14,512$8,081$4,280$2,184$1,086$67
50 years$14,059$7,720$4,024$2,018$987$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,400,000, adding $4,489 every year, while hoping to spend $35,428 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 31/44/25 Blend
71$14,400,000$14,400,000$14,400,000$14,400,000
72$15,873,430$15,110,230$14,887,030$16,243,111
73$17,454,825$15,812,937$15,348,051$17,229,409
74$19,196,335$16,548,888$15,823,328$18,286,902
75$21,114,254$17,319,676$16,313,302$19,424,539
76$23,226,537$18,126,970$16,818,427$20,649,341
77$25,552,970$18,972,517$17,339,171$21,968,996
78$28,115,355$19,858,152$17,876,015$23,391,921
79$30,937,716$20,785,797$18,429,456$24,927,341
80$34,046,528$21,757,466$19,000,008$26,585,361
81$37,470,964$22,775,272$19,588,198$28,377,060
82$41,243,170$23,841,428$20,194,571$30,314,581
83$45,398,572$24,958,257$20,819,688$32,411,244
84$49,976,205$26,128,190$21,464,126$34,681,656
85$55,019,087$27,353,781$22,128,483$37,141,845
86$60,574,620$28,637,702$22,813,374$39,809,398
87$66,695,041$29,982,759$23,519,431$42,703,617
88$73,437,911$31,391,890$24,247,308$45,845,693
89$80,866,664$32,868,178$24,997,678$49,258,892
90$89,051,198$34,414,854$25,771,236$52,968,765
91$98,068,544$36,035,305$26,568,696$57,003,373
92$108,003,584$37,733,084$27,390,795$61,393,546
93$118,949,857$39,511,913$28,238,295$66,173,152
94$131,010,443$41,375,696$29,111,977$71,379,411
95$144,298,930$43,328,528$30,012,651$77,053,225
96$158,940,494$45,374,699$30,941,148$83,239,552
97$175,073,075$47,518,709$31,898,327$89,987,814
98$192,848,679$49,765,276$32,885,071$97,352,345
99$212,434,816$52,119,347$33,902,293$105,392,890
100$234,016,080$54,586,108$34,950,933$114,175,145